Microsoft Co. (NASDAQ:MSFT) shares sold by Bangor Savings Bank

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Bangor Savings Bank reduced its position in shares of Microsoft Co. (NASDAQ: MSFT – Get Rating) by 1.0% during the 1st quarter, reports Holdings Channel.com. The fund held 22,715 shares of the software giant after selling 236 shares during the period. Microsoft accounts for about 0.7% of Bangor Savings Bank’s holdings, making it its 23rd-largest position. Bangor Savings Bank’s holdings in Microsoft were worth $7,004,000 when it last filed with the SEC.

Other institutional investors and hedge funds have also been buying and selling shares of the company recently. Capital Square LLC increased its stake in Microsoft stock by 0.8% in Q4. Capital Square LLC now owns 4,074 shares of the software giant valued at $1,289,000 after buying 33 additional shares in the last quarter. ACT Wealth Management LLC increased its stake in Microsoft shares by 0.8% in Q4. ACT Wealth Management LLC now owns 4,097 shares of the software giant valued at $1,378,000 after buying 34 additional shares in the last quarter. Wealth Enhancement & Preservation of GA LLC increased its stake in Microsoft shares by 0.7% in Q4. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant valued at $1,680,000 after buying 34 more shares in the last quarter. Selective Wealth Management Inc. increased its stake in Microsoft shares by 0.5% in the fourth quarter. Selective Wealth Management Inc. now owns 6,652 shares of the software giant valued at $2,237,000 after buying 35 additional shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake in Microsoft shares by 0.9% in the fourth quarter. Conestoga Capital Advisors LLC now owns 3,869 shares of the software giant valued at $1,301,000 after buying 35 additional shares in the last quarter. 69.99% of the shares are currently held by hedge funds and other institutional investors.

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut its price target on Microsoft from $390.00 to $350.00 and set a “buy” rating for the company in a Wednesday, April 27 report. Evercore ISI reduced its price target on Microsoft from $370.00 to $330.00 and established an “in-line” rating for the company in a Wednesday, April 27 report. Wedbush reduced its price target on Microsoft from $375.00 to $340.00 and set an “outperform” rating for the company in a Wednesday, April 27 report. Wells Fargo & Company cut its price target on Microsoft from $425.00 to $400.00 and set an “overweight” rating for the company in a Tuesday, April 19 report. Finally, Credit Suisse Group set Microsoft a price target of $400.00 in a Friday, June 3 report. One analyst has rated the stock with a hold rating and thirty have issued a buy rating for the company’s stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $353.93.

NASDAQ:MSFT shares opened at $259.58 on Friday. The company has a market capitalization of $1.94 trillion, a P/E ratio of 27.10, a P/E/G ratio of 2.42 and a beta of 0.94. The company has a quick ratio of 1.95, a current ratio of 1.99 and a leverage ratio of 0.30. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The company has a fifty-day simple moving average of $264.65 and a 200-day simple moving average of $290.69.

Microsoft (NASDAQ:MSFT – Get Rating) last reported quarterly earnings data on Tuesday, April 26. The software giant reported EPS of $2.22 for the quarter, beating consensus analyst estimates of $2.18 by $0.04. The company posted revenue of $49.36 billion in the quarter, versus a consensus estimate of $49.05 billion. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The company’s revenue for the quarter increased 18.4% year over year. In the same quarter of the previous year, the company had earned earnings per share of $1.95. Sell-side analysts expect Microsoft Co. to post earnings per share of 9.28 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62. This represents a dividend of $2.48 on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Wednesday, August 17. Microsoft’s dividend payout ratio is currently 25.89%.

Microsoft Company Profile (Get a rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance and Skype for Business, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.

Further reading

Want to see which other hedge funds hold MSFT? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Microsoft Co. (NASDAQ:MSFT – Get Rating).

Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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